Maximizing the Expense Module: A Guide to Simple, Detailed and Custom Expenses

Maximizing the Expense Module: A Guide to Simple, Detailed and Custom Expenses

Get a clearer picture of your clients' spending habits with our flexible expense module. This guideline outlines how advisers can activate the Simple, Detailed and Custom expense questionnaire in the adviser portal.



Adding an expense in the Expense section of the Fact Find. 


1. Click "Add Expense". This will initiate the process of adding a new expense to your client's financial profile.
2. Choose the Expense Type. Select the appropriate category for the expense from the available options.
3. Specify Expense Subtype. Further categorize the expense for better organization and analysis.
4. Assign Clients. Select the relevant client(s) associated with the expense.
5. Enter the Expense Amount. Input the exact monetary value of the expense.
6. Define Expense Frequency. Indicate how often the expense occurs (e.g., monthly, annually).
7. Review Annualized Calculation. Verify the automatically calculated annual expense based on the amount and frequency.
8. Select Tax Type. Specify the applicable tax classification for the expense.
9. Add Notes (Optional). Provide additional details or context about the expense.
10. Submit. Save the expense information once all details are complete.

How to set an expense module individually for your clients:

1. Navigate to the client's homepage: Locate the desired client in your client list and click on their name.
2. Open the Expense Module: Select the "Fact Find Settings" option, then navigate to the "Expense Module" tab.
3. Choose your view: Select from the "Detailed," "Simple," or "Custom" view options to suit your needs.
4. Save your changes: Click "Save and Exit" to apply your chosen view.


Need more help?
For questions or clarifications on how to maximize the Expense Module in the Adviser portal, you may send us a message at support@advicerevolution.com.au. Alternatively, if you want to book a 20 to 30-minute Get Help session with our team, kindly use this calendar to book the session.


Published on August 10, 2024
Version 1.1